Pakistan Credit Rating Agency maintains Ratings of National Power Construction Corporation (Private) Limited
Lahore, March 18, 2013 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of National Power Construction Corporation (Private) Limited (NPCC) at “A” (Single A) and “A1″ (A One), respectively. These ratings denote a low expectation of credit risk while the capacity for timely payment of financial commitments is considered strong.
The ratings reflect ownership of the corporation by the Government of Pakistan. The ratings draw significant comfort from strong track record of the key management team – mostly associated with NPCC since inception – to manage its business risk arising from contract based nature of its operations in Saudi Arabia.
The strength of the corporation’s management in terms of their technical expertise, business know-how and resourcefulness are key rating factors. Despite zero debt capital structure, relatively lower quantum of available funds restrains the company’s business and financial profile.
For more information, contact:
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425